Uncle Meatball,
Which brings me to another question. I noticed PHGI doing what I call "backfilling" today. What I mean is that there was definitely pressure on it for it to go lower, and it did hit .0036, BUT then it backfilled and ended up at pretty much the same price that it began.
I remember reading once that stocks "talk" to investors. Well, to me this one was saying today that there is a whole lot of demand at the .004 area since it backfilled.
So.....if the MM's thought that .004 was too high and wanted to bring it to .0003 so that they could load up more....do you think that they have the power to do just that....no matter what kind of demand was out there at .004?
I think that they have a lot of power....but not THAT much power. Not enough power to circumvent tremendous demand at a certain level. Of course I guess it all depends upon what is happening in the stock. If good news were to come out, then they wouldn't have that much power....If no news were to come out, then I guess the MM's would just have to bide their time and wait for the demand to subside so that the price could be brought lower.
Am I on the right track? If I am, then PHGI defintely needs some good news to put it on an upward momentum so that the MM's can raise their expectations and therefore have the raised projections reflected in the price of the stock.
Have a great evening! Bye!
